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more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
. if you do nothing, you have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> h
to the caricature, the republican caricature of the president as a big spender if, in the end, he puts together a deal with speaker boehner that has with it a lot of spending cuts? >> i think that changes certainly for the democrats the argument about the president's spending habits. certainly republicans then would counter with, well, let's look at the $2 trillion spent before speaker boehner and mitch mcconnell and the senate tried to bring some sanity back to the process. you're going to have the political argument continuing into 2012. if you think, michael, this thing is going to end once they sign a bill by august 2nd, no. the hot rhetoric just continues. >> you know this turf well. it puts republicans in a difficult spot to be pointing a finger as to he's such a big government guy if, in the end he 'em bragsed and negotiated a plan with john boehner that calls for the spending cuss being discussed, whether it's $3 trillion or $4 trillion. let me show you something. the president penned something in "usa today." i don't know if you made it to the last line. here is what he said in the las
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
's an empty piece of paper and you're bragging about this thing? this big cut cap and balance has nothing in it, and i was amazed. i had a hunch it wouldn't be there. got copy of it. actually did something nobody dmog your house, in the republican side, reading it. there are no cuts here. where are the cuts? it doesn't say anything. go ahead. >> senator coburn introduced a plan that was extraordinarily detailed. >> it's not coburn plan, todd. >> it's the bumper sticker being voted on. >> the house has plan. coburn has a plan. >> have you read this, todd? have you read this? have you read it? >> no, i haven't read it. >> how do you know you're saying there's something in here and i'm reading it. >> at least you're holding on to something. this is the president's plan. right here. this is it. nothing. it's vapor. there is no plan, because there's no leadership. period. >> the president's plan outlines $4 trillion in cuts. >> there is no plan. >> to the speaker's credit, she being held hostage by tea party republicans. >> let's go to the outlet as they say in football. the outlet pass. forme
or a sensation. any sense of that? >> the big story here, absolute absolutely. whether used as a mop. a ginger head mop. >> we'll have to leave it there. i'm matt miller in for dylan. "hardball" starting right now. >>> so what's the deal? let's play some "hardball." >>> good evening. i'm in for chris matthews tonight. leading off, deal or no deal. all day long there's been word that a deal between president obama and speaker john bane zer boehner is in the works to save the u.s. from default. pub lkly both sides are denying it. it's clear adults on both sides are trying to avoid default. how do you get to an agreement when pea tae tea parters are saying no deal with tax increases and democrats are saying, no deal without them? we crunched numbers and default would seem to affect almost every american home. >>> also, does michele bachmann have mi have migraines? may be debilitated for days at time or something we would have never mentioned about a male candidate? >>> how did an anti-american terrorist become so trusted by u.s. officials in afghanistan he was allowed close eno
't think they should hold their breath waiting for speaker boehner. and for our big number. to go back how far our government's debt goes, believe it or not to 1790 when the government bonds were issued to pay off the revolutionary war. how much is owed to people many the george washington administration? $55,757. i wonder what the fo that one. that is tonight's big number. that's "hardball" for now. chris will be back on monday. up next "your [ male announcer ] we asked real people if they'd help us with an experiment for febreze fabric refresher. they agreed. [ experimenter 1 ] relax, take some nice deep breaths. [ experimenter 2 ] what do you smell? lilac. clean. there's something that's really fresh. a little bit beach-y. like children's blankets. smells like home. [ experimenter 1 ] okay. take your blindfolds off. ♪ hello? [ male announcer ] and now new and improved febreze fabric refresher with up to two times the odor elimination so you can breathe happy, guaranteed. my old contacts would sometimes move and blur my vision. then my eye doctor told me about acuvue® oasys for astigm
and debt situation. if you take major parts of the budget off the table, the problem is so big we won't bo able to fix it and the politics are such that it's going to be impossible to get everybody around the table to come one a deal. it really is time for everybody to put these lines in the sand aside and start trying to fix the problem, which is what i think is gang of six did this week breathes a lot of new life into this whole discussion of how do we fix this problem in a way to get a lot of people to sign on and by doing it smartly that's going to help tremendously. >> do you think that the market, the rating agencies and others looking at it from the outside will take it seriously if there is some sort of agreement, a handshake whatever you call it between the president and the speaker of the house that has 217 votes and can get through the house, that there's an agreement for things that will be triggered down the road, is that going to be good enough, tax reform down the road? >> there's a lot of risk. people tend not to believe politicians doing hard things later. at the same time
big enough for 40 or so spectators, but there will be overflow rooms with television sets. this is really must-see tv today in great britain and for many other places. certainly the united states, which is why there's so much media here today as well. as one british politician put it, it's the three musketeers of the murdoch media empire and the phone-hacking scandal that will appear here later today. they'll be grilled by ten members of a select committee. it doesn't sound like much, it's the committee for culture and media. these hearings will only last an hour for rupert and his 38-year-old son, james murdoch. and another hour following that for rebekah brooks, who was as we know now, the chief executive of murdoch's british newspapers before she suddenly resigned last week. members of parliament in terms of what we're going to hear today, they'll try to get the murdochs and brooks to commit themselves on the record. saying things that they might be able to use against them later. especially if what they say turns out to be misleading. they're not going to be on oath, b
the treasury department we learned no longer has a stake in chrysler. a big loss for the u.s. government, though, how much did this eventually cost taxpayers? >> well, they tout it as a success. they say they have recovered 90% of the initial investment, which was $12.5 billion. keep in mind, the government may no longer be involved in chrysler, but it still holds a 32% stake in general motors. coming back to chrysler, the majority owner is now fiat, the italian carmaker. by the end of thisse eyear, the will own around 59%. the rest of course is owned by the united auto workers. have a great weekend. >> i appreciate it. thanks very much. >>> as the national unemployment rate rises to 9.2%, there is one area in california specifically that actually is predicting significant job growth. according to a new study released this week, silicon valley employers plan to expand their workforce by 15% over the next two years. nbc's tom brokaw has the latest from that region. >> reporter: silicon valley, the moth moth mother load of high tech has the biggest names to go public for astronomical price
administration. that's not unusual. and that's a big deal by the president only based on election cycles. that's not important. the more important thing, how do we get to the point where we send a message to the international community we're going to do what's necessary to put our house in order. >> do you get the sense that that's going to happen? >> oh think so, ultimately. you're seeing a lot of theatrics. everything kind of play out and the way it's going play out and not find where people really are until they have to be where, before this thing implodes and i don't think it's going to. i think you know, come tuesday, sometime during the day tuesday, we'll have something figured out. >> well, do you have any sense, play analyst, if you wouldn't mind, whether that's the boehner deal? is that your deal? where's the road map for that? >> it's some combination between what perry, reid and boehner agreed to last sunday, and working the politics and the votes out on that to get it to where it passes the house. the problem is, something will pass the senate. but it has to be snag will pass the h
a picture for us about how a newspaper like news of the world goes about reporting on such a big story? what the level of the editor, deputy editor, senior reporters would be in putting together and overseeing the story? >> i think any big story. forrer the purpose of process most stories start out with the reporter. and that reporter may be being asked by the news editor to go and investigate a story or they may have brought information about a story from their own contacts to the news editor. it is at that stage in a newspaper where the reporter and news editor discuss the voracity of the information, go out and check the allegations, and come back with a more considered view. you can imagine that every newspaper gets a lot of information to the news desk and only percentage very small percentage makes it actually to publication. there are many layers from reporter to assistant news editor to news editor. finally this story will go to the back bench which will be the people that will oversee the stopping of that story and the subwill often talk to the reporter directly with questions and a
wider responsibilities, we had calls from many of the big shareholders saying it was a terrible thing to take him away because he had done such a great job. >> i said i wasn't disputing that, but the fact that you have been -- that you didn't know about so many of these criminal activities that went on, do you not think that was made more likely because of the sort of family history? i don't just mean james, i'm talking about people who weren't direct members of your family but became friends. >> no. >> you don't think that -- >> i don't think -- >> why it has been mismanaged. >> i don't think mr. hinton misled me for a minute but you must make your own conclusion. other people who gave the same evidence may well have been misleading, but he certainly did not know of anything. >> thank you very much. >> i've got two more members. >> before i address my questions to the hearing, i'd like to make a short declaration of my own which is something i previously declared to the committee which is to say my wife is an employee of a company that has been engaged by news corporation. i just wan
they should hold their breath waiting for speaker boehner to accept the invitation. and for our big number. to go back how far our government's debt goes, believe it or not to 1790 when the government bonds were issued to pay off the revolutionary war. how much is owed to people in the george washington administration? $55,757. i wonder what the founding fathers who have to say about that one. that is tonight's big number. that's "hardball" for now. thanks for being with us. chris will be back on monday. up next "your business" with j.j. ramberg. gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. you had me at "probiotic." diabetes testing? what else is new? you get the blood, hope it's enough, it's-- what's this? freestyle lite® blood glucose test strip. sure, i'll try it, but-- [beep] wow. yep, that's the patented freestyle zipwik™ design. it's like it-- [both] targets the blood. yeah, draws it right in. the test starts fast. you need just a third the blood of one touch.® okay. free
a big company, we knew nothing. >> let me point out to the viewers the picture on the right is live. now it looks like wuf officials wiping off this guy. you call it a custard. the tradition is to throw pies at each other. we don't know. we're being told it was a white substance. that's what we can see. >> my sad cultural experience here is that it's the traditional construction of these things is a paper plate covered with shaving cream. and it dates back to 1970s, bizarre '70s tv in tuk. it's become very widespread even people like bill gates has had these things thrust in his face. >> again, it just sort of characterizes how high emotions must be running. not only that you had a protester do this. in the video you clearly see wendy deng, rupert murdoch's wife do a hand swat right here. a hand swat against the guy. she's got to be feeling really defensive. really prktive. and as we've heard other analysts point out today here's a guy he's elderly it's not that he looks particularly vigorous sitting there answering these difficult questions from the same members of parliament who he pro
-terrorist organizations that are based in mexico, but that exist to supply drugs into the united states. but the big bust occurs here in the united states. as you say, think about this, friends, $60 million in cash. but let's talk about some of the drugs that authorities were able to take off the streets. meth, 2,773 pounds of it. almost the same amount of cocaine. marijuana, 14,800 pounds. and what this does is strikes a very massive blow to the operation of distribution of drugs from mexico into the united states. chris, you and i were talking with this last summer. when they got one of these thugs, his name was the barbie, they asked him, hey, how do you get all the cash back to mexico? he said well, they bring it in on tractor-trailers, you know, 18-wheelers full of cash. think about this. this is a cash-only business. they got $62 million worth of it that would go right into the coffers of these drug cartels. and it's a massive blow to these organizations, especially the distribution level of it. >> look, not to rain on the parade, because obviously this is huge and what they have done is pretty inc
Search Results 0 to 15 of about 16